Business

Kabul faces water crisis as drought, population strain supply

Sunday, January, 13 2019    

KABUL, Afghanistan (AFP) — Standing in his garden in Kabul, Baz Mohammad Kochi oversees the drilling of a new well more than 100 metres deep after his first water reservoir dried up. He is not alone. Read More

Venezuela's isolated Maduro to begin new term with economy in tatters

Friday, January, 11 2019    

CARACAS, Venezuela (AFP) —Venezuelan President Nicolas Maduro yesterday began a new term that critics dismiss as illegitimate, with the economy in free fall and the country more isolated than ever. Read More

JCC 'unequivocally bullish' on Jamaica

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Friday, January, 11 2019    

DESPITE decades of anaemic macro-economic growth, newly elected president of the Jamaica Chamber of Commerce (JCC) Lloyd Distant Jnr says the Chamber remains “unequivocally bullish” on transforming Jamaica. Read More

BMR Energy acquires 5-MW solar plant in Cayman Islands

Friday, January, 11 2019    

BMR Energy, a developer, owner and operator of clean energy projects in the Caribbean and Latin America, has acquired a 5 MW alternating current solar plant in the Cayman Islands from Entropy Cayman Solar I. Read More

Caricel still active, despite legal challenges

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Friday, January, 11 2019    

Caricel Jamaica says it has continued to provide world-class service to its more than 15,000 clients, despite the significant legal challenges being faced by the company. Read More

Maduro issues threat to 'interventionist' regional rivals

Friday, January, 11 2019    

CARACAS, Venezuela (AFP) — Venezuela President Nicolas Maduro hit out at his regional detractors on Wednesday, threatening to take “diplomatic measures” against them if they refuse to acknowledge his re-election. Read More

'Don't panic,' Mexico president says as fuel shortages spiral

Friday, January, 11 2019    

MEXICO CITY, Mexico (AFP) — President Andres Manuel Lopez Obrador urged Mexicans Wednesday not to panic as gasoline shortages spread across the country, caused by a crackdown on fuel theft that risks costing him support. Read More

Venezuela's economy, political crisis

Friday, January, 11 2019    

CARACAS, Venezuela (AP) — Venezuela's President Nicolas Maduro started a second, six-year term Thursday despite international cries urging him to step down and return democratic rule to a country suffering a historic economic implosion. Read More

Saudi Arabia vows to slash oil exports after price slide

Thursday, January, 10 2019    

Riyadh , Saudi Arabia (AFP) — OPEC kingpin Saudi Arabia said yesterday it would slash its oil exports by 800,000 barrels per day (bpd) in January and promised further cuts as producers move to shore up tumbling prices. Read More

Kim's resignation renews call for change to Middle-Income designation

Thursday, January, 10 2019    

At least one Foundation has welcomed the resignation of World Bank President Dr Jim Yong Kim, arguing that his departure offers the World Bank an opportunity to re-evaluate a controversial process that determines which countries are considered middle income and low-... Read More

Knutsford Express raises $150M in bond issue

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, January, 9 2019    

Transportation company Knutsford Express Services Limited has successfully raised $150 million through a private bond, which it has partially used to fund the acquisition of a small bus charter company in Florida. Read More

Neglect tourism at peril of economy — Tarlow

BY HORACE HINES Observer staff reporter | Wednesday, January, 9 2019    

MONTEGO BAY, St James — International security expert Dr Peter Tarlow is warning that failure to protect the tourism Industry is tantamount to committing economic suicide. Read More

Fontana lists on the Junior Market

Wednesday, January, 9 2019    

Fontana Pharmacy yesterday placed its ticker on the Junior Market of the Jamaica Stock Exchange after being oversubscribed by roughly four times its Initial Public Offering (IPO) target of $468 million. Read More

Oppostion against 'hostile takeover' of Petrojam

Wednesday, January, 9 2019    

The Opposition has come out against Government's decsion to use legislative action to take back Venezuela's 49 per cent share of Petrojam. Read More

No scandal here!

With Alexis Robinson | Wednesday, January, 9 2019    

On Christmas Eve, the Government of Jamaica gave us an early gift by signing and publishing in the Jamaica Gazette 2 Ministerial Orders banning importation, distribution, manufacture and use of commercial quantities of single-use plastic. Read More



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